HomeWorldPakistanPrime Minister Shahbaz Sharif congratulated Finance Minister Miftah Ismail on representing "balanced,...

Prime Minister Shahbaz Sharif congratulated Finance Minister Miftah Ismail on representing “balanced, progressive, pro-people budget’

Prime Minister Shahbaz Sharif congratulated Finance Minister Miftah Ismail after he presented the federal budget 2022-23. — Office of the Prime Minister

ISLAMABAD: Prime Minister Shahbaz Sharif, calling the finance bill a “Herculean challenge”, congratulated Finance Minister Miftah Ismail for representing “a balanced, progressive and pro-people budget.

Protection budget submitted by him government On Friday, Prime Minister Shehbaz Sharif told the nation that a finance bill would govern the country. out of “difficult” time he is going through.

“It’s difficult times brought on us in recent years of economic mismanagement. Through this budget government will manage our way out of these challenges taking hard decisions while minimizing impact on vulnerable segments of in population”, the prime minister said.

In a Twitter thread, Prime Minister Shehbaz elaborated on how in government was hoping forshield financially weaker citizens from economic hardship”, by taxing “financially stronger people”.

“We have allocated billions of rupees for targeted subsidies. This amount is in in addition to the 344 billion rupees allocated for Benazir Income Support Program. Only worthy people to get a subsidy,” Prime Minister Shehbaz said. He added what government raised the salary of its employees by increasing of 15% and the association of “special allowance in them basic to pay”.

“The tax base has been revised. Those who earn up up to 1.2 million rupees per year were exempted from taxes. The government decided to tax non-productive assets of rich including tax 5% on in purchase of second property and increase in tax on luxury cars,” the prime minister said.

Premiere also emphasized that his government It has reduced tax on import and distribution of solar panels for zero adding that “zero the tax was announced for import of agricultural machinery and implants”.

Prime Minister Shehbaz believes that zero tax policy for agricultural sector in some areas will be “large step” to enable farmers and the sector progress.

The government has increased funding for Benazir Income Support Program. The Benazir Scholarship Program was extended up to 10 million students,” the Prime Minister said.

Prime Minister Shehbaz concluded his talk by saying that the creation budget in “financially experiencing times with so many restrictions was nothing short of a Herculean task.”

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Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

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